With the help of solar PV and zinc-bromine batteries, a cattle station located in the dry Murchison region northeast of Geraldton will save as much as $10,000 a year in diesel costs.
From July 1, if it is run by the City of Adelaide, it is being powered by wind and solar electricity under a landmark power purchase agreement inked electricity retailer Flow Power.
In a letter addressed to Prime Minister Scott Morrison, Queensland Deputy Premier Jackie Trad has called for more renewable investment and Federal government backing to help create and support more jobs in more industries, but gas is not out of the picture.
An energy deal struck between the Morrison and Berejiklian governments that will see more than $2 billion invested to increase gas supply and reduce greenhouse gas emissions from the electricity sector has prompted a flurry of reactions that boil down to two conflicting interpretations of its purpose.
In yet another confirmation of a dramatic drop in spending on large-scale renewables in Australia, a new analysis by the Clean Energy Council reveals a fall from 51 projects worth $10.7 billion in 2018 down to 28 projects worth $4.5 billion in 2019. Mounting regulatory risks, under-investment in transmission and policy uncertainty are the main reasons behind investment slow-down, which is set to put greater pressure on reliability and power prices as Australia’s old coal-fired power stations continue to close.
Dozens of hospitals across Victoria and New South Wales are installing solar to slash their greenhouse emissions and electricity costs. In NSW, another four hospitals have received government funding to install solar panels, while the number of Victorian solar-powered health centers continues to rise.
Resources giant Fortescue Metals will invest $US450 million ($668 million) in the next stage of its Pilbara Energy Connect program to combine 150 MW of gas-fired generation, 150 MW of solar PV and a grid-scale battery. The hybrid generation project will provide low cost power to the Iron Bridge magnetite project currently under construction.
Corporations contracted a record amount of wind and solar energy through power purchase agreements in 2019, up more than 40% from the previous year’s record, says a new report from BloombergNEF. The bulk of this purchasing occurred in the U.S. with tech companies and oil and gas majors leading the charge. In Australia, onsite solar projects delivering power to corporations nearly doubled to 1GW.
Singapore-based developer Vena Energy has announced that it will soon begin construction of Queensland’s largest grid-scale battery near Wandoan in the Western Downs. The 100 MW/150 MWh project will be delivered under a 15-year power purchase agreement with Australia’s biggest power producer, AGL.
After a leisurely break over the holiday period, I have returned to my desk to get right back into the analysis of what I think will be a pretty exciting year for the NEM. Connection difficulties, commissioning delays and stubbornly high storage costs point to uncertainty on the supply side, while strong rooftop uptake continues to whittle out daytime operational demand.
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